Strategic move enhances Canyon Equities' portfolio with
industry-leading custom signage provider, building on a history of
collaboration
GRAND
RAPIDS, Mich., May 1, 2024
/PRNewswire/ -- Canyon Equities, the holding company that oversees
the Custer family's portfolio of companies, proudly announces the
acquisition of FastSigns Grand Rapids, a leading provider of custom
signage solutions. This strategic move represents a significant
milestone for both organizations, built upon a foundation of shared
values and a rich history of friendship and collaboration.
"Joining forces with FastSigns Grand Rapids is a natural
progression for us," says Todd
Custer, President and CEO of Custer. "Our longstanding
friendship with the Gilpin family, combined with our shared
commitment to exceptional customer service, makes this acquisition
a perfect fit for the Canyon Equities portfolio."
FastSigns Grand Rapids, founded in 2005 by the Gilpin family,
has grown from just one employee to become a renowned leader in the
signage industry, boasting a team of 23 dedicated professionals and
achieving 7th place in global sales volume, reflecting its
outstanding business practices and internal culture. The company's
commitment to excellence and innovation mirrors that of Canyon
Equities, making it an ideal addition to the portfolio.
Underscoring the bond between the organizations is a family
history that dates back to high school. Todd Custer, President and CEO of Custer, and
Mike Gilpin, Owner of FastSigns
Grand Rapids, both attended Forest Hills Central High School.
Moreover, Mike's father, Kim Gilpin,
was on Custer's advisory board from 2000-2019.
"This acquisition is more than just a business transaction—it's
a testament to the enduring friendship and mutual respect between
our two companies," says Mike
Gilpin, Owner of FastSigns Grand Rapids. "FastSigns Grand
Rapids has been a people first organization with an incredible
depth of talent which fits extremely well within Canyon Equities'
portfolio. I look forward to watching the business continue to grow
and develop."
The acquisition of FastSigns Grand Rapids not only expands
Canyon Equities' portfolio but also strengthens its position as a
leader in the industry. By leveraging the synergies between the two
companies, Canyon Equities aims to drive innovation, enhance
service offerings, and deliver unparalleled value to its
customers.
The opportunity to acquire FastSigns arose when owner
Mike Gilpin made the heartfelt
decision to pursue his long-time passion for teaching children in
the realms of business and personal finance—a testament to his
dedication to both business and community.
As part of the acquisition, Shawn
Fiske will join the FastSigns Grand Rapids business,
assuming the role of General Manager. With his wealth of experience
and dedication to excellence in operations, Shawn will play a
crucial role in ensuring a smooth transition and driving continued
success for the company. Company leadership is expected to
transition by July 1.
"We're excited about the opportunities ahead as we embark on
this new chapter together," says Gregg
Richardson, Chief Operating and Financial Officer of Canyon
Equities. "Our shared history, values, and vision for the future
make this alliance truly special, and I look forward to seeing the
great things we will accomplish together."
Timeline of Milestones:
- Todd Custer and Mike Gilpin
attend Forest Hills Central High School together: 1993
- FastSigns Grand Rapids origination date: November 7, 2005
- Leadership transition from Kim (dad), and Judy (mom) to Mike
(son): January 1, 2018
- Kim Gilpin on Custer Advisory Board from 2000-2019
- Canyon Equities Acquires FastSigns Grand Rapids 2024
CONTACT:
Tricia
Jackson, Director of Marketing + Brand
303-889-9381
377050@email4pr.com
About Canyon Equities
Canyon Equities is a holding
company that oversees the Custer family's portfolio of companies.
Additionally, Canyon Equities offers essential services and support
to these companies, including finance, accounting, and IT services.
www.CanyonEquities.com
About FastSigns Grand Rapids
FASTSIGNS® of
Grand Rapids, MI is a locally and
independently owned and operated sign, graphics and visual
communications company that provides comprehensive visual marketing
solutions to customers of all sizes—across all industries—to help
them attract more attention, communicate their message, sell more
products, help visitors find their way and extend their branding
across all of their customer touch points including décor, acoustic
panels, events, wearables, digital signage and marketing materials.
To learn more, visit https://www.FastSigns.com/Grand-Rapids-mi/
or call (616) 421-9577.
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SOURCE Canyon Equities